HTWO Guangzhou, its first overseas production base for hydrogen fuel-cell systems, signed a memorandum of understanding (MOU) with Air Liquide's Chinese subsidiary during this year's China International Import Expo in Shanghai, which opened last week and runs through Tuesday.
Hyundai will supply its fuel-cell technology, while Air Liquide will bring its expertise in producing, storing and transporting hydrogen, as well as building refueling infrastructure.
Under the agreement, the two companies will develop a business model for hydrogen-powered trucks and other commercial vehicles. Hyundai will provide its fuel-cell technology, while Air Liquide will bring its expertise in producing, storing and transporting hydrogen, as well as building refueling infrastructure.
They will begin by testing hydrogen-powered trucks at logistics centers and along major transport routes to assess their performance in everyday operations. They will also look for ways to reduce costs including the prices of vehicles, fuel, maintenance and refueling. Their goal is to develop an affordable business model that logistics companies in China can adopt.
The partnership comes as China steps up efforts to reduce carbon emissions, with goals of peaking emissions by 2030 and reaching carbon neutrality by 2060, driving the use of cleaner fuels in the commercial vehicle sector.
"We aim to develop a business model that brings together hydrogen-powered vehicles, refueling stations and hydrogen supplies, contributing to the development of China's hydrogen mobility industry," said Choi Du-ha, general manager of HTWO Guangzhou.
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